§ Sir Andrew BowdenTo ask the Chancellor of the Exchequer what is the estimated number and proportion of people aged 65 years or over who will be liable to pay income tax in 1996–97 at(a) 20 per cent. only, (b) 24 per cent. and (c) 40 per cent. rates. [7647]
§ Mr. JackLatest estimates for 1996–97 are given in the table.
Taxpayers aged 65 or over liable at Number (millions) Percentage Lower rate only 1.35 45 Basic rate but not higher rate 1.50 50 Higher rate 0.15 5 All 3.0 100